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20130113
20130121
Search Results 0 to 5 of about 6 (some duplicates have been removed)
were promised they could collect forever until they died then their spouse collects. dan mitchell studies state pension problems with the cato institute and kevin james is running to be mayor. how bad is it? people want to be responsible i think. >> i am not sure. politicians want to be reelected and state government workers want to get as much as they can before the house of cards comes down. there are too many people writing in the wagon netted of people pulling now they raise taxes cc the productive people leaving the state more people living off the government sooner or later nobody is there to pay the bills. john: but california has a higher cost of living. >> even with that this does not justify the difference of the $50,000 average for 70,000. california prices itself out of the market. john: and calpers assumed the 8% rates of return. now they just lower it down at seven point* 5% like that is responsible. why do they think they can make that rate of return? >> tonight i will party with the victoria secret supermodel. it would happen if calpers will not meet those targets
Search Results 0 to 5 of about 6 (some duplicates have been removed)